Bank of Thailand targets USDT and cash flows in gray money crackdown
Covered by 4 sources · 4 articles
4 outlets - including Cryptotimes, Coincodecap and Bitcoinworld and 1 more - are covering this story. Regulators target the shadow economy by mandating source-of-funds verification for cash deposits over 5 million baht and triggering joint central bank and SEC audits into high-value Tether (USDT) transaction pathways.
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Thailand’s Central Bank & SEC Target Cash and USDT in Grey Money Audit
Regulators target the shadow economy by mandating source-of-funds verification for cash deposits over 5 million baht and triggering joint central bank and SEC audits into high-value Tether (USDT) transaction pathways.
Eye on “gray money”: Bank of Thailand to tighten scrutiny of large USDT transactions
The Bank of Thailand is looking to trace large USDT transfers as part of its efforts to tackle illicit finance, money laundering and “gray money” in the country. The central bank will closely working alongside the country’s Securities and E…
Thailand Intensifies Surveillance of USDT and Cash Transactions in Gray Economy Crackdown
BitcoinWorld Thailand Intensifies Surveillance of USDT and Cash Transactions in Gray Economy Crackdown Thailand’s central bank is ramping up its oversight of stablecoin transactions, particularly those involving USDT, as part of a broader e…
Bank of Thailand targets USDT and cash flows in gray money crackdown
Thailand has been plagued by Chinese-affiliated scam centers, with illicit gains flowing through a “gray money” economy.